Funding Agency

Department of Treasury - CDFI Fund New Markets Tax Credit Program


Funding Agency

Department of Treasury


Federal Agency

Dept. of Treasury - Community Development Financial Institutions Fund (CDFI Fund)

Agency Overview

The U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) mission is to expand economic opportunity for underserved people and communities by supporting the growth and capacity of a national network of community development lenders, investors, and financial service providers.

Program Name

Department of Treasury - CDFI Fund New Markets Tax Credit Program


Program Overview

The New Markets Tax Credit Program (NMTC Program) awards financial intermediaries known as Community Development Entities (CDEs) with federal tax credit authority that the CDEs offer to private investors in exchange for equity in the CDE that is then invested in economically distressed communities. Investments made through the NMTC Program are used to finance businesses, breathing new life into neglected, underserved low-income communities that frequently have suffered due to factors such as dormant manufacturing facilities, inadequate education and healthcare services, vacant commercial properties, and lower property values.

Agency Contact

NMTC Help Desk (202) 653-0421, cdfihelp@cdfi.treas.gov

Program Purpose
  • Broadband Infrastructure (e.g., construction)
  • Broadband Financing
Eligible Recipients
  • Other

Agency Contact

NMTC Help Desk (202) 653-0421, cdfihelp@cdfi.treas.gov

FY2020 Funding Amount

CY2020 $5,000,000,000

Brief Program Description

The New Markets Tax Credit Program (NMTC Program) awards financial intermediaries known as Community Development Entities (CDEs) with federal tax credit authority that the CDEs offer to private investors in exchange for equity in the CDE that is then invested in economically distressed communities.

Agency
  • Department of Treasury

Funding Name Department of Treasury - CDFI Fund New Markets Tax Credit Program

Funding Image

U.S. Dept. of Treasury